Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.

Monday, March 13, 2017

SoCal Home Prices

Back in 2006 we noted that VenCo prices briefly spiked above Orange prices. That hasn't happened this time but more because Orange County is just running away price wise.

WASH reports that credit bureaus are taking off tax lien and judgement information unless they include a lot of info which often isn't on the liens and judgment, nor required to be. Certain people will see their credit scores go up 20-40 points, which might be enough to qualify for credit. This info s available, but it takes effort on the lenders part to get it..

If our name is Jose Rodriguez in Miami Dade county,this will avoid mistakes I guess. One of the possible items is ss#. As a public record???

I 've never been thrilled with credit scores, by this seems bizarre to me.

Another OT. I took a how educated are you? quiz for fun. I did okay. Be sure you had Shakespere. I had direct Hamlet exposure most recently in the 6th grade and it showed in the results. Worth an inordinate number of questions.

QUIZ: Can We Guess Your Education Level ?Quiz Education I got 61 of 70 rightWow! You've got an intellect equivalent to a full fledged PhD !

Just heard that LLCs, Partnerships, and S-Corps have to have their tax returns filed by the 15th of MARCH this year. So if you have one of those, you'll need to file for an extension. Another curve ball from the IRS, thankyouverymuch.

Actually makes sense, since the people that own stock in them, and therefore have to pay the taxes, need information from them to file their own taxes... I'm always stick waiting for my former employer to get they're taxes done so that I can do mine

Mixing up a batch of orange, pomegranate and Tito's vodka cocktails to sip on the porch to watch the sunset cross from the east of Ssk-ville to the west of Echo Beach while the last bits of snow lose their grip on the peaks laser sharp visible 25 miles to the north. The oranges and pomegranates are fresh from the garden. Don't hate me because of April 1st, 1983 Worcester, Massachusetts weather. I mean here it comes again.

And if you live there, you can't afford to move away if you ever expect to get back into the market

This is the hardest thing. I know so many who came, went and then spent the rest of their lives denying wanting to come back. I cannot be honest or flippant or gratuitous. There is no way for those who stay to address the issue with those who convinced themselves it was just a temporary move.

I understand the sentiment [and laughed] but think about the way that plays out. Arrogant cash rich individuals and connected to capital corps would be the only customers. You want them setting the price?

median household income of LA county ($55K)..so let's guesstimate the 25th percentile is at $80K. 28% of that would be $1,866 per month..figure $350 for taxes/insurance and your down to about $1,500 available for p&i.

Hub gave a presentation on his stagecraft course. He totally blew his fellow students away. It Kinda wasn't fair. Of course he spent 5x the tie on it that they did, I would guess. Sometimes you learn something in the 54 years after 20.

one of my favorite features of the LA Times is when they report on "celebrity" real estate transactions. It always amazes me to see these B & C level actors (people you've never heard of before) buying and selling multi-million dollar homes in the Hollywood Hills and such. (Rappers also)

Do actors really get paid that much?? Given the very erratic incomes of actors..I wonder who is financing these transactions??

let's say you're a supporting actor/actress on a network series that has been renewed for a second/third year..how much do you think they make?? certainly can't be mid-six figures (which is what you would need traditionally to qualify for a $3-$4 million home)..

There just seems to be a disconnect between income and real estate values down in SoCal..